MUMBAI, April 8 -- The National Stock Exchange of India (NSE) has begun preparations for its initial public offering (IPO), meeting all 20 of its investment bankers earlier this week to start drafting the offer document and outline a tentative timeline for the listing, three people aware of the matter told Mint.

The IPO bankers and the exchange started the drafting process for the offer document and chalked out a rough timeline for the listing, one of the people cited above said on the condition of anonymity.

"NSE met all 20 bankers together for the first time, where everyone agreed to a tentative timeline for the IPO," this person said, adding that the process will begin with the identification of risks and the preparation of required ...